Compliance Updates
Soft2Bet Secures Romanian License
The leading online iGaming platform provider adds Romania to its portfolio, tapping into one of the fastest-growing markets in the European Union
Soft2Bet, an established iGaming operator, has obtained the highly sought-after Romanian license. The first-class license by the local regulator ONJN allows Soft2Bet to organize and operate games of chance in Romania, including casino and sportsbook offerings.
With this significant achievement, Soft2Bet is poised to firmly establish its presence in one of the fastest-growing markets within the EU. By expanding its exceptional portfolio of services, Soft2Bet aims to cater to an even broader demographic. The Romanian market, known for its comprehensive regulations and transparent operational environment, has exhibited remarkable growth in recent years. Thus, securing this license represents an exciting opportunity for Soft2Bet to deliver innovative and secure gaming experiences to Romanian consumers.
This milestone underscores Soft2Bet’s ambition to continue its global expansion strategy and commitment to expand its global regulated markets activity. It follows Soft2Bet’s most recent regulatory expansion, the procurement of a Greek operating license and Swedish B2B licenses.
Soft2Bet’s General Counsel, David Yatom, remarked, “We consider the Romanian market as one of the pivotal markets for establishing our foothold in Eastern Europe. Acquiring a local Romanian operating license marks an important step in our strategic expansion, building upon Soft2Bet’s success in other European markets. Stay tuned for more exciting developments in the near future.”
Red Rake Gaming, a premium online casino content provider, has announced that it has obtained its provisional online casino supplier license in Michigan. This marks the company’s second license in the US, following the successful acquisition of its Pennsylvania license earlier this year.
The new license in Michigan represents a significant milestone for Red Rake Gaming as it continues to expand its footprint in the burgeoning US online gaming market.
Nick Barr, Managing Director for Red Rake Gaming Malta, said: “We are delighted to have obtained our second US license in Michigan, which is a key market in our strategic expansion plans. The response to our games in Pennsylvania has been overwhelmingly positive, and we look forward to bringing our engaging and feature-rich content to players in Michigan. Our team is committed to delivering a top-tier gaming experience that aligns with the expectations of the Michigan Gaming Control Board and the players.”
Red Rake Gaming is renowned for its wide array of high-quality games, including fan-favorites such as Million 7, The Asp of Cleopatra, and Secrets of the Temple. The company’s commitment to innovation, player engagement, and responsible gaming has earned it a stellar reputation in various regulated markets around the globe.
The Michigan license will enable Red Rake Gaming to partner with state-licensed operators and offer its extensive gaming catalog to a new audience of players. This expansion is a testament to the company’s growth strategy and its dedication to complying with the highest standards of regulatory requirements.
From 1 January 2025, all game suppliers wishing to provide services to gambling operators licensed in Denmark must obtain a licence from the Danish Gambling Authority.
Applications for these licences will be accepted beginning 1 September 2024.
To assist with this process, the Danish Gambling Authority has created guidance materials and made application forms available online.
Interested parties can find detailed information under the “Game Suppliers” section of the Danish Gambling Authority’s website.
The Danish Gambling Authority mandates that game suppliers’ games, game platforms, business procedures and systems undergo testing and inspection by an accredited testing company.
These tests must comply with the Danish Gambling Authority’s certification programme before any games can be offered to gambling operators.
A revised version of the certification programme is currently in development and will clarify the respective responsibilities of operators and game suppliers. This new programme is expected to be finalised and open for consultation by mid-July 2024, with implementation set for 1 January 2025.
Updated standard reports will also be available from this date.
Coinciding with the introduction of supplier licences, the Danish Gambling Authority will launch a new portal for managing game certificates, known as the “Games Register”.
This portal is scheduled to be operational by 1 October 2024, and game supplier applicants will receive login details to upload their information and game certificates as part of the application process.
Notably, existing game certificates and certifications under the current programme will remain valid, eliminating the need for re-certification of already tested and inspected games or systems.
However, starting 1 July 2025, adherence to the new certification programme will become mandatory. Game suppliers and operators are thus encouraged to adopt the updated programme as soon as possible to ensure compliance.
The post Denmark to Introduce for Game Suppliers appeared first on European Gaming Industry News.
A subsidiary of Betsson AB has obtained its first local licenses for the newly regulated market in Peru. The licenses cover online casino and sports betting for the Betsson and Betsafe brands. Further, licenses for the Inkabet brand are expected to be obtained soon.
Betsson began its Latin American venture already in 2008 and has since then positioned itself as the most recognised sports betting brand in Peru. In 2019, the Group further strengthened its position toward the country with the launch of its Betsafe brand. Two years later Inkabet, a Peruvian-facing sports betting and online casino business, was acquired.
Besides the new licenses, the Group holds licenses in two other key markets in the region, Colombia and Argentina. In Argentina, Betsson holds licenses in Buenos Aires City, Buenos Aires province, and Córdoba.
Pontus Lindwall, President and CEO of Betsson AB, said: “We have really looked forward to Peru introducing a local regulation and are very pleased with the issuing of these licenses. With this announcement, we affirm our commitment to the local economy and the new regulatory framework in the country.”
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